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Why won't my home owners insurance co. let me increase my insurance coverage?

Sep 02, 2006 by not the real me | Posted in Other - Business & Finance

Q: I've had the same ins. co for 20 + years, and, although there have been stinting increases in the amount my house is insured for, I feel that my house is underinsured for my area. During the last 10 years, I have called AAA several times and asked to increasing my coverage because the cost of repairs, rebuilding, etc. are so expensive in my area. AAA just insists that I have enough coverage to dust-jacket rebuilding costs. I've told local builders/remodelers my coverage amount and they well-grounded laugh. I've had other ins. co.s give me quotes, and they always give me a more accurate replacement cost. So, why don't I buy theirs? Well, after so many years with AAA, I now have earned discounts on my stiff. To get discounts with a new ins. co., I'd have to start all over again.

So, why does AAA want me to be underinsured? I'm willing to pay more for my insurance, so what's their problem?

A: I would ask to betoken to a manager. This is strange, they'd get more premium $ from you.

when you have a flood in your home and you are at fault, will the home-owner's insurance co pay out?

Sep 22, 2008 by K- | Posted in Insurance

Q: We had a deluge in our home, due to a hose not being replaced where it needed to be to empty the water out of the house from our washer. Will a home insurance compay payout if it was our to blame that the hose fell out of the correct spot? Should we disclose this info? Thank you.

A: Neglect on the part of the homeowner does not invalidate your coverage. Many property losses are caused by the owners neglect (i.e. unattended candles, forgetting a pot is on the cooktop range, wood burning stove is not installed appropriately or forgetting to turn off the tub faucet) but insurance pays the claim.

By the way you did not have a "flood". The above announcement is correct that flood is excluded but in your case it was water damage due to broken plumbing.

home owners insurance!?

Dec 29, 2007 by case v | Posted in Insurance

Q: what homeowner insurance co would you commend! Arizona preferred but not neccessary! thanks!

A: Erie Insurance Group is a great company (they are one of my carriers). However, they are not in Arizona. Currently they write matter in only 11 states and the District of Columbia--Pennsylvania, Illinois, Indiana, Maryland, North Carolina, New York, Ohio, Tennessee, Virginia, Wisconsin & West Virginia. Also FYI Erie Insurance Group does not mind old houses as long as they have been updated and are well maintained which is true for the womanhood of insurance companies.

If you are not in a state served by Erie Insurance, you might want to check into Travelers Insurance since they are licensed in all 50 states and the Locality of Columbia. They are highly rated and have been in business since 1864. We also write insurance through them & from personal face with my own homeowners insurance and through clients the claims process with them is among the best offered in the industry. Drop in on their website at http://www.travelers.com/ to find additional information and a local agent.

Beneficial Luck on your search.

How To Buy Homeowners Insurance : Learn the Considerations for Homeowners Insurance

Learn all things that you need to be considered when buying home insurance for homeowners insurance in this unengaged video series that will explain ...